In North Korea, Yuan Exchange Rate Hits Record High in Hoeryong, Yet Imported Rice Prices Remain Stable

Rice

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According to the source, in North Korea, the market exchange rate for the yuan in Hoeryong recently reached a record high, but the price of imported rice has stayed around KPW 6,000 per kilogram. This contrasts with previous trends, where the price of imported rice typically rose with the exchange rate. North Koreans attribute the minimal impact of the rising exchange rate on rice prices to the policy of state-directed food distribution.